KEI Industries Ltd

KEI Industries Ltd

₹ 4,064 -0.51%
28 Oct - close price
About

Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas[1]

Key Points

Business Overview:[1]
Company manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables. It caters to retail and institutional markets and also provides Engineering, Procurement and Construction (EPC) services

  • Market Cap 38,850 Cr.
  • Current Price 4,064
  • High / Low 4,706 / 2,424
  • Stock P/E 49.1
  • Book Value 647
  • Dividend Yield 0.10 %
  • ROCE 21.3 %
  • ROE 15.6 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 22.1% CAGR over last 5 years

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,608 1,784 1,953 1,783 1,945 2,059 2,330 2,065 2,284 2,472 2,915 2,590 2,726
1,448 1,602 1,751 1,604 1,743 1,845 2,075 1,846 2,059 2,226 2,614 2,332 2,457
Operating Profit 161 182 202 178 202 215 255 219 225 246 301 258 269
OPM % 10% 10% 10% 10% 10% 10% 11% 11% 10% 10% 10% 10% 10%
5 14 7 8 9 14 4 13 13 9 37 40 42
Interest 8 8 10 9 8 11 17 14 13 14 14 14 14
Depreciation 14 14 14 15 16 15 16 16 16 19 19 20 20
Profit before tax 144 174 184 163 188 202 227 203 208 221 305 263 277
Tax % 26% 26% 25% 26% 26% 26% 26% 26% 26% 26% 26% 26% 27%
107 129 138 121 140 151 168 150 155 165 227 196 204
EPS in Rs 11.85 14.26 15.31 13.46 15.54 16.70 18.67 16.65 17.15 17.25 23.71 20.49 21.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
2,033 2,351 2,628 3,466 4,231 4,888 4,182 5,727 6,908 8,121 9,736 10,704
1,839 2,108 2,360 3,126 3,790 4,391 3,726 5,138 6,206 7,267 8,745 9,629
Operating Profit 194 243 269 339 441 497 456 589 702 854 991 1,074
OPM % 10% 10% 10% 10% 10% 10% 11% 10% 10% 11% 10% 10%
5 6 10 9 7 17 20 15 32 32 72 128
Interest 121 127 124 112 136 129 57 40 35 44 56 57
Depreciation 25 25 28 32 34 57 58 55 57 61 70 78
Profit before tax 53 96 126 204 278 328 361 508 642 781 937 1,067
Tax % 35% 35% 26% 29% 35% 22% 25% 26% 26% 26% 26%
34 63 94 145 181 256 270 376 477 581 696 791
EPS in Rs 4.43 8.10 12.04 18.47 22.92 28.64 29.92 41.73 52.93 64.35 72.88 82.74
Dividend Payout % 9% 6% 5% 5% 5% 5% 7% 6% 6% 5% 5%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 19%
TTM: 23%
Compounded Profit Growth
10 Years: 36%
5 Years: 22%
3 Years: 23%
TTM: 27%
Stock Price CAGR
10 Years: 44%
5 Years: 64%
3 Years: 37%
1 Year: 7%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 18%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 15 15 16 16 16 18 18 18 18 18 19 19
Reserves 288 352 446 589 762 1,489 1,756 2,118 2,571 3,130 5,767 6,169
452 498 813 842 599 367 333 355 162 166 217 235
588 599 622 773 1,387 1,395 902 1,036 1,019 1,342 1,232 1,585
Total Liabilities 1,345 1,464 1,896 2,220 2,764 3,269 3,008 3,527 3,770 4,656 7,235 8,008
298 328 405 407 489 554 537 531 567 770 993 1,128
CWIP 4 29 3 23 32 11 7 17 15 121 385 1,051
Investments 3 3 3 3 2 1 1 2 1 2 2 2
1,039 1,103 1,485 1,787 2,242 2,703 2,463 2,978 3,187 3,764 5,854 5,827
Total Assets 1,345 1,464 1,896 2,220 2,764 3,269 3,008 3,527 3,770 4,656 7,235 8,008

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
199 186 -29 191 623 -13 154 229 514 610 -32
-17 -98 -63 -76 -275 11 75 -58 -137 -353 -1,501
-182 -87 229 -69 -386 99 -129 -31 -256 -72 1,919
Net Cash Flow 0 1 137 45 -38 97 101 139 121 186 386

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 85 88 114 108 94 102 118 89 73 68 67
Inventory Days 109 95 114 97 95 103 102 96 79 84 87
Days Payable 119 97 110 110 139 139 99 68 54 63 39
Cash Conversion Cycle 75 86 119 95 49 66 121 117 99 89 115
Working Capital Days 24 32 17 28 19 61 94 81 80 70 89
ROCE % 28% 23% 23% 29% 28% 21% 24% 26% 27% 21%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
37.32% 37.21% 37.10% 37.08% 37.08% 37.08% 37.08% 37.06% 35.01% 35.01% 35.01% 35.00%
26.83% 27.37% 27.67% 29.57% 30.95% 31.00% 30.75% 31.11% 29.75% 25.83% 26.59% 25.82%
19.09% 19.55% 19.55% 17.64% 16.05% 16.30% 16.56% 16.01% 20.72% 23.51% 25.63% 26.71%
16.74% 15.88% 15.68% 15.70% 15.91% 15.60% 15.60% 15.82% 14.52% 15.65% 12.77% 12.47%
No. of Shareholders 97,66198,0211,08,7491,25,7131,30,6921,29,0551,55,5141,65,9051,66,0671,97,8441,69,7801,59,968

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls